The Dollar is bouncing back - Forex News by FX Leaders

The Dollar is bouncing back

Posted Thursday, May 12, 2016 by
Skerdian Meta • 1 min read

The US Dollar had a wobble for a couple of hours after the employment data missed thexpectationsns. The unemployment claims were expected at 277K but the numbers came out at 294K. The US Dollar lost about 40 pips across the board but has now recovered. In the last hour the recovery has gained pace.

The decline in AUD/USD has accelerated in the last hour

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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